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10 Mutual Funds To Buy This Diwali

Looking to invest in the best mutual funds this Diwali? Read this blog to know more! Get a list of the top mutual funds that you can invest in for short, medium, and long term goals.

Priya Bansal
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Festivals are a great time to think about "Laxmi" (wealth) and plan your investments. A part of that also includes securing your family’s financial future by investing in the right mutual funds this Diwali.

That said, discovering the right mutual funds doesn’t happen by chance. It requires research and an in-depth understanding of securities like stocks and bonds. 

We've made it easy to get a sneak peek into the list of the best mutual funds in India that you can invest in this Diwali.

Top 10 Best Mutual Funds To Buy This Diwali

This list of the top 10 best mutual funds to buy this Diwali has been curated on the app by Cube’s mutual fund advisor, Wealth First, who’ve outperformed the market by ~50% over the past decade. Before adopting any investment strategy, it's advisable to download the Cube Wealth app and consult a Cube Wealth Coach who can provide guidance based on your risk tolerance.

The list includes the likes of liquid funds, corporate bond funds, large-cap funds, mid-cap funds, international funds, and ELSS funds, which have a history of helping investors generate wealth. 

1. Quant Small Cap Fund

The Quant Small Cap Fund Direct Plan Growth has been there from 07 Jan 2013 and the average annual returns provided by this fund is 15.33% since its inception.. 

  • AUM: ₹2,870.43 crores
  • 1-Year Returns: 25.65%
  • 3-Year Returns: 63.25%
  • 5-Year Returns: 24.61%
  • Expense Ratio: 2.37%
  • Fund Manager: Mr Sanjeev Sharma, Mr Vasav Sahgal and Mr Ankita A Pande

2. ICICI Prudential Small Cap Fund

The ICICI Prudential Smallcap Fund Direct Plan Growth has been there from 02 Jan 2013 and the average annual returns provided by this fund is 12.72% since its inception.

  • AUM: ₹4,598.77 crores
  • 1-Year Returns: 18.29%
  • 3-Year Returns: 46.30%
  • 5-Year Returns: 16.31%
  • Expense Ratio: 1.89%
  • Fund Manager: Mr Sankaran Naren

3. Canara Robeco Small Cap Fund

Canara Robeco Small Cap Fund Direct-Growth demonstrates consistent returns in line with its category and exhibits above-average ability to control losses during market downturns. The fund primarily invests in the Financial, Services, Capital Goods, Materials, and Healthcare sectors, with relatively lower exposure to Financial and Services sectors compared to other funds in its category.

  • AUM: ₹5,986 crores
  • 1-Year Returns: 12.31%
  • 3-Year Returns: 44.37%
  • Expense Ratio:1.79%
  • Fund Manager: Ms Cheenu Gupta

4. SBI Contra Fund

SBI Contra Direct Plan-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.

  • AUM: ₹10,565 crores
  • 1-Year Returns: 22.48%
  • 3-Year Returns: 43.15%
  • 5-Year Returns: 16.34%
  • Expense Ratio: 1.88%
  • Fund Manager: Mr Dinesh Balchandran

5.  Quant Tax Fund

The Quant Tax Plan Direct Growth has been there from 07 Jan 2013 and the average annual returns provided by this fund is 8.97% since its inception.

  • AUM: ₹2,506.48 crores
  • 1-Year Returns: 11.07%
  • 3-Year Returns: 42.32%
  • 5-Year Returns: 21.68%
  • Expense Ratio: 2.32%
  • Fund Manager: Mr Vasav Sahgal and Mr Ankit A Pande

6.  Quant Flexi Cap Fund

Quant Flexi Cap Fund Direct-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.

  • AUM: ₹1,449 crores
  • 1-Year Returns: 15.68%
  • 3-Year Returns: 14.77%
  • 5-Year Returns: 18.79%
  • Expense Ratio: 2.33%
  • Fund Manager: Mr Sanjeev Sharma, Vasav Sahgal, Sandeep Tandon and Ankit A Pande

7.  Quant Active Fund

Quant Active Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.

  • AUM: ₹4,337 crores
  • 1-Year Returns: 12.31%
  • 3-Year Returns: 38.85%
  • 5-Year Returns: 20.19%
  • Expense Ratio: 2.33%
  • Fund Manager: Mr Sanjeev Sharma, Mr Vasav Sahgal and Mr Ankit A Pande

8.  Quant MidCap Fund

Quant Mid Cap Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average. The fund has the majority of its money invested in Financial, Healthcare, Energy, Automobile, Services sectors.

  • AUM: ₹1,973 crores
  • 1-Year Returns: 13.61%
  • 3-Year Returns: 37.78%
  • 5-Year Returns: 18.98%
  • Expense Ratio: 2.38%
  • Fund Manager: Mr Sanjeev Sharma, Mr Vasav Sahgal and Mr Ankit A Pande

9.  Nippon India Growth Fund

Nippon India Growth Fund Direct- Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.The fund has the majority of its money invested in Financial, Services, Healthcare, Capital Goods, Technology sectors.

  • AUM: ₹15,165 crores
  • 1-Year Returns: 20.17%
  • 3-Year Returns: 36.35%
  • 5-Year Returns: 15.78%
  • Expense Ratio: 1.73%
  • Fund Manager: Mr Rupesh Patel

10.  ICICI Prudential India Opportunities Fund

The ICICI Prudential India Opportunities Fund Direct Growth has been there from 15 Jan 2019 and the average annual returns provided by this fund is 16.04% since its inception.

  • AUM: ₹7224.58 crores
  • 1-Year Returns: 19.33%
  • 3-Year Returns: 35.97%
  • Expense Ratio: 1.77%
  • Fund Manager: Mr Roshan Chutkey and Mr Sankaran Naren

You may also see a Cube Wealth Coach or download the Cube Wealth app to effectively implement these tactics and accomplish long-term financial objectives.

Why Buy Mutual Funds This Diwali?

Mutual funds offer a relatively safe way to get the best out of multiple stocks and bonds in one neat portfolio. A professional fund manager and their team of analysts will handle the everyday trading.

This can ensure that wealth creation is a stress-free experience for you. Moreover, mutual funds are known to generate potentially better returns than traditional investment options like bank FDs and gold.

As you can tell, mutual funds have become one of the most favourite investment options for a reason. They offer a way to build wealth by outperforming inflation and at times, the market. 

However, the secret lies in selecting the right mutual funds for you this Diwali. The wrong mutual funds (or the ones that are right for your neighbour) can put a damper on your wealth creation goals. 

Apps like Cube make it easy for you to invest in the right mutual funds by giving you access to world-class mutual fund advisory for FREE. That’s not all. The app also helps you build the Perfect Portfolio of investments. 

How To Buy Top Mutual Funds This Diwali?

You can start investing in mutual funds during this Diwali using investment apps, AMC websites, or by visiting the branch of an AMC directly. Options #1 and #2 are known to be relatively comfortable compared to #3. 

Broadly speaking, the process of investing in mutual funds is more or less similar across all 3 ways. You’ll have to:

  • Download app or visit AMC website/branch
  • Complete the KYC process
  • Select mutual funds
  • Transfer amount
  • Start investing

Bear in mind that there’s something known as a cut-off time for mutual fund investments that can determine the NAV you’ll get for your investment. 

Mutual funds don’t trade during holidays. That said, there are certain caveats. Events like “Muhurat Trading” are done on auspicious days like Diwali to welcome prosperity.  

Note:

Facts & figures are true as of 01-11-2021. The funds mentioned are suggestions based on funds handpicked by Cube's expert Mutual Fund Advisory partner. Before investing please take Cube's Portfolio Planner feature to ensure the funds you see are right for your goals, life stage, risk level and finances. None of the information shared here is to be construed as investment advice.

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Priya Bansal

Curious about personal finance and all things money. Can either find me reading a book or dancing to a tune.

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